Tether posts $1.04B Q1 2026 profit as reserve buffer climbs to record $8.23B

Tether reported net profit of about $1.04 billion for the first quarter of 2026, and said its excess reserves rose to a record $8.23 billion, according to its latest attestation. As of March 31, total assets were roughly $191.8 billion versus liabilities of $183.5 billion. The reserve portfolio remained dominated by U.S. Treasuries at around $141 billion, alongside about $20 billion in gold and roughly $7 billion in Bitcoin.